• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Friday, June 6, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

VR Camera Company Lytro Winds Down

margin707 by margin707
March 28, 2018
in News
Reading Time: 3 mins read
0
Share on TwitterShare on Facebook

It is evident the VR industry offers a lot of new and existing business opportunities. Not all of these ventures will prove to be successful, though. In the case of Lytro, their “light field VR camera” seems to be well ahead of its time. The company will effectively wind down and most of its employees will jump ship to Google. This doesn’t mean the company will stop exploring new opportunities in the future, though.

A Major Change for Lytro

Some VR enthusiasts may have come across the name Lytro before. This particular company is building a light field camera in the VR industry. Unfortunately, it seems something has come up, forcing the company to no longer take on new productions or offering professional services. This is a bit of a vague statement, as no one knows for sure what the future will hold for the company as of right now.

More specifically, the company will “wind down” in the future, although they will still remain operational. As such, the company eagerly looks for new opportunities and services to make an impact. While most of the company’s employees are on the way out to Google, it is evident not everyone will leave the company in the near future…

There are several patents owned by this company which still hold some value. Google has officially acquired Lytro, but it seems they will not completely absorb the country as of right now. Some of the employees will move to Google, but the rest will remain at the firm itself. The employees jumping ship will focus on multiple divisions, and will no longer be a part of the Lytro’s previous camera work.

It is evident the camera technology developed by Lytro can be successful. Unfortunately, the lack of funding and limited success with their camera have forced the company to pursue other options. In 2015, the company already laid off a significant portion of its workforce before focusing on VR. It now seems that venture has not been overly successful either. A worrisome development, but the company still has some gas left in the tank, by the look of things.

If you liked this article make sure to follow us on twitter @thevrbase and subscribe to our newsletter to stay up to date with the latest VR trends and news.

Tags: VR
Previous Post

Live UAE Football Games are Coming to Mobile VR headsets Worldwide

Next Post

Sony Cuts PlayStation VR Prices by 25% in Europe and the UK

Related Posts

Featured

Dow Rises, Tesla Drops After Musk-Trump Feud

June 5, 2025
Can XRP Hit $5? Technicals and Whales Say Yes
Market Analysis

Can XRP Hit $5? Technicals and Whales Say Yes

June 4, 2025
bitcoin btc
Featured

K33 Begins Bitcoin Buying with 10 BTC Purchase for Treasury Strategy

June 3, 2025
Binance Beats SEC—Crypto Cheers the Legal Victory
News

Binance Beats SEC—Crypto Cheers the Legal Victory

June 2, 2025
Cardano Tanks 50% From Highs—Hope or Hype Ahead
News

Cardano Tanks 50% From Highs—Hope or Hype Ahead

June 1, 2025
Solana Price Prediction:Is the $200 Dream Dead
News

Solana Price Prediction:Is the $200 Dream Dead?

May 31, 2025

Press Releases

Binance Beats SEC—Crypto Cheers the Legal Victory
News

Binance Beats SEC—Crypto Cheers the Legal Victory

by Alex Mercer
June 2, 2025

Introduction From courtroom drama to crypto karma, Binance is having a moment. The SEC has officially pulled the plug on...

Read more
Bitcoin Gains Ground as Job Market Wobbles—Digital Gold to the Rescue?

Bitcoin Gains Ground as Job Market Wobbles—Digital Gold to the Rescue?

May 25, 2025
Altcoin Season Is Loading—But First, Let Bitcoin Do Its Thing

Altcoin Season Is Loading—But First, Let Bitcoin Do Its Thing

May 23, 2025
Dogecoin’s Ready to Bark Again—Could $0.30 Be the Next Fetch?

Dogecoin Ready to Bark Again—Could $0.30 Be Next

May 20, 2025
Ethereum Climbs While PEPE Reloads—Who's About to Explode

Ethereum Climbs While PEPE Reloads—Who’s About to Explode?

May 18, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier